Brinker International (EAT) was Reiterated by Maxim Group to “Buy” while Lowering the Price Target of the company shares to $ 55 from a previous price target of $58 . Maxim Group advised their investors in a research report released on Jun 7, 2016.
Many Wall Street Analysts have commented on Brinker International. Telsey Advisory Group Resumed Brinker International on Jun 6, 2016 to “Outperform”, Price Target of the shares are set at $52.Shares were Reiterated by RBC Capital Mkts on Apr 20, 2016 to “Sector Perform” and Lowered the Price Target to $ 49 from a previous price target of $52 .Shares were Downgraded by Barclays on Apr 20, 2016 to ” Equal Weight” and Lowered the Price Target to $ 47 from a previous price target of $59 .
On the company’s financial health, Brinker International reported $1.00 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.99. The company had revenue of $824.60 million for the quarter, compared to analysts expectations of $842.92 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.94 EPS.
Brinker International opened for trading at $44.96 and hit $45.81 on the upside on Friday, eventually ending the session at $45.75, with a gain of 1.58% or 0.71 points. The heightened volatility saw the trading volume jump to 9,46,539 shares. Company has a market cap of $2,549 M.
Investors should note that on May 19, 2016, Brinker International announced a cash dividend of $0.3200. The company’s management has announced Jun 8, 2016 as the ex-dividend date and fixed the record date on Jun 10, 2016. The payable date has been fixed on Jun 30, 2016.
In a different news, on May 5, 2016, Joseph G Taylor (VP, Corp. Affairs & Inv. Rel.) sold 2,500 shares at $46.87 per share price. According to the SEC, on Apr 28, 2016, Thomas Jr. Edwards (CFO) purchased 5,500 shares at $45.50 per share price. On Feb 10, 2016, George R Jr Mrkonic (director) sold 5,584 shares at $46.98 per share price, according to the Form-4 filing with the securities and exchange commission.
Brinker International Inc. (Brinker) owns develops operates and franchises the Chilis Grill & Bar (Chilis) and Maggianos Little Italy (Maggianos) restaurant brands. At September 24 2014 the Company owned operated or franchised 1622 restaurants in the United States and 29 countries and two territories outside of the United States. Chilis operates in the Bar and Grill category of casual dining. The Company has operations around the world with locations in 32 foreign countries and two United States territories. Maggianos is a full-service casual dining Italian restaurant brand. Its Maggianos restaurants feature individual and family-style menus and its restaurants also have banquet facilities designed to host party business or social events.